Manipal Is Said to Seek $466 Million Debt to Fund Hospital Deal

2 days ago

India's Manipal Education & Medical Group is in talks with a group of global lenders to raise about 40 billion rupees ($466 million) to help fund its purchase of Sahyadri Hospitals, according to people familiar with the matter.
Manipal, backed by Singapore state investment company Temasek Holdings Pte, has reached out to banks including DBS Group Holdings Ltd., Deutsche Bank AG, JPMorgan Chase & Co. and Standard Chartered Plc, said the people, who asked not to be identified because the information is private.

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